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's associates, also known as workers. >> let's bring in dana telsy standing by and has more thoughts on this as well. we're just getting you on the phone. you're just hearing this news as we are. having watched what happened at jcpenney, is this a good development? >> the company needs stabilization. the key is getting through this back to school and christmas season in order to reinvigorate traffic, to bring people back in the stores, board room fights don't need to be played out on main driving sales should be the focus. anything that brings calm internally and externally is the right thing to do. >> what do you think about what jcpenney has in stores now. are they ready for the back to school season, will they be ready for the shopping season? >> i was just in chicago doing my shopping tour yesterday and they're ready for back to school, back to school signs are all over, traffic was a little bit better than we have seen there in the past. but the arizona jeans are out. and now it is getting the customers in the door. >> and just in terms of traffic, how does that match up with wh
'll be disqualified. and then i tried to describe the people that are already at the post. eugene robinson, dana milbank. all these type. and i said you are probably the most conservative or fair-minded person at the entire "new york times." that's what i said. >> thank you for that. >> but it was as far left as you are, you are probably the most reasonable person, which is why the huffington post probably doesn't like you. >> i don't know where to go with that. >> i have two points who read the allyn sloan piece. >> he better declare. >> but his point was -- >> was it the internet came from the 19th -- >> he was making a very left argument that the internet was a product of the government and, therefore, jeff bezos should be -- >> you guys lost your -- even robert schiller admits that invest investment in infrastructure comes from entrepreneurs. even bono knows it now. >> bono. >> bono? who is bono? >> oh, he's -- >> can i give one irony of that allyn sloan's piece in "fortune." "the washington post" pays to republish that piece in "the washington post." so we'll see how long that lasts. >> jen
the top of my head, it's dana's company. i don't have the numbers. the expectation were low there, it's a decent result, relatively speaking. i think there is hopefulness j.c. penney will turn it around. i think on the hard line side is where best boy had terrific numbers. home depot had strong numbers. we will hear from dick's sporting gods later. >> jc penney $2.66 billion for those revenues. joe, when you think about home depot and the consumer and a rising mortgage rate environment, are you seeing the disposable income of some of these consumers actually getting hit before we get to the end of the year? and is that going to affect tear abilities to improve their homes? >> no, you know, i think the wealth effect is actually helping to drive sales. if you think about the installed base of homeowners are mainly set. you know the new homes or the turnover of homes is a pretty small turnover of the market. probably almost 85, 90% of home debow sales come from people saying put. if they feel better about the value of their home or the jobs situation, they're investing. you see project s
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